GMB takes charge at gaming group GPI
The move follows soon after gaming giant Sun International raised its stake in the counter to more than 21% this month
30 November 2022 - 20:22
GMB Liquidity Corporation, headed by merchant banker and horse racing guru Greg Bortz, has secured a commanding holding of almost 50% in gaming counter Grand Parade Investments (GPI).
On Wednesday GPI confirmed GMB had acquired another 61.5-million shares, taking its stake to 48.9%. The stake will dilute to 46.34% if GPI’s treasury shares are put in the ownership equation...
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